The 8 best Avalanche (AVAX) wallets to try in 2024

The Avalanche network grew quickly after its launch, and the project became one of the favorites of the crypto world. Of course, it suffered like all other cryptocurrencies throughout 2022, due to the crypto winter. However, as soon as 2023 started, Avalanche started seeing a price recovery.

This led a lot of old and new investors to decide to purchase it. New investors enter the crypto market all the time. While they may know how to buy coins, it is imperative for them to know how to secure them. The best way to do that is to use a private Avalanche wallet for AVAX coins. Now, there is no wallet that anyone can point out as the best wallet.

What Is Avalanche?

Before we start talking about different wallets, let us first talk a bit about Avalanche itself. 

Avalanche is a Layer 1 blockchain that launched its mainnet in 2020. As soon as the mainnet went live, it started functioning as a platform for decentralized applications and custom blockchain networks. The network was inspired by Ethereum, but it also seeks to offer a better service than Ethereum. It does this by offering faster and cheaper transactions and by being more scalable than Ethereum could ever become.

Since its launch, Avalanche has become a multi-purpose network for the development of all kinds of blockchain products. People use it for accessing and developing smart contracts, DeFi, NFT, dApps, and more. It is decentralized, which allows it to offer access to decentralized finance and its various banking services.

What To Look For in a Crypto Wallet?

Next, let’s talk about some desirable features a wallet needs. Some of the most important ones include security, user-friendly UI, portability, support for multiple currencies, and a good reputation. 

Security is an obvious one, as you need your cryptocurrencies stored safely and away from hackers and scammers. With that said, the most secured wallets are hardware wallets. A hardware wallet is a small USB stick-like device. It has no connection to the internet, except for when you plug it in. That way, no one can hack it if you remember to pull it out of the PC. You can still lose your hardware wallet, and of course, someone can steal it, but then they have to break into it.

Next, a user-friendly interface is another obvious one. A crypto wallet is only useful if you can figure out how to use it. This is particularly important for newcomers to the cryptocurrency industry, as they lack the experience. Many new arrivals are not tech-savvy, so wallets need to stick to simplicity.

Portability is another desirable feature, and this is where online wallets win. While less safe, they are easy to access from anywhere, at any time, since they are always on the internet. Meanwhile, to access a hardware wallet, you need to have a PC at hand.

When choosing a wallet, you need to check which coins it can support. Ideally, you would also want a wallet that supports NFT, as well. Finally, the wallet’s reputation is also crucial. It tells you how trustworthy the company and the wallet really are.

Top 8 Avalanche (AVAX) Wallets

Here are some of the top AVAX wallets:

1. SPACEX Wallet

It offers access to over 3,000 cryptocurrencies, and its users can access thousands of dApps and Web3 ecosystems.

Furthermore, it is a non-custodial wallet, meaning that users are the ones who hold their own private keys. As a result, their funds are completely in their hands, with no one else having access to them. The wallet is decentralized, and a real multi-chain wallet. It supports EVM chains, but also non-EVM chains. More importantly, it will continue to expand to include new chains, and give users access to even more dApps.

2. Crypto.com

Crypto.com wallet allows users to buy, sell, trade, and hold digital currencies. It is primarily a mobile wallet that features cold storage support. It is available in more than 80 countries worldwide, with a decentralized exchange, NFT access, and more.

The wallet supports more than 250 cryptocurrencies. It has a comprehensive charting tool and 24/7 support. The wallet supports cryptocurrencies from many different blockchains, and it is compatible with Android and iOS. You can even use it to earn passive income. It lets you earn up to 8.5% interest per year on regular crypto assets and 14.5% on stablecoins.

3. ELLIPAL Titan

Our third choice is the ELLIPAL Titan wallet, which is another hardware solution. The wallet allows you to check all transactions and balances without having to use your phone or PC. This is because it features a built-in display that you can use to check your balance on the device itself.

The wallet has a prolonged battery life that offers 259 hours on standby. It supports Android and iOS, and it is known for its security. It even has a self-destruct feature that lets you restore factory settings in case of tampering. The biggest downsides include transfers that can be slow sometimes and less-than-ideal customer support.

4. Avalanche Web Wallet

Avalanche Web Wallet appeared as Avalanche network’s first official wallet. Dedicated to Avalanche and its network, this wallet is one of the best hot wallets for AVAX. It is easy to use, and it acts as a non-custodial wallet. That means that you are the only one holding private keys to it. In other words, no one else can access your cryptocurrencies.

It lets you send, receive, or swap Avalanche assets. The wallet is considered very safe but also intuitive. Lastly, it works well in combination with other wallets.  

5. Coinbase wallet

Coinbase wallet is one of the popular choices for Avalanche coins. The wallet also allows you to directly buy, sell, store, or transfer AVAX, as well as 500 other cryptocurrencies. Coinbase wallet is available in over 100 countries. In fact, Coinbase highlights that over 50 million people use it to store their cryptos.

Coinbase wallet also lets you store NFTs, and it offers crypto insurance. With 2FA, you can also boost security and make it very hard to rob you. The wallet uses biometric logins and AES-256 encryption, as well as the ability to earn 8% APY. The biggest downside is that buy and sell options are not available everywhere. Apart from that, it also has high transaction fees.

6. Core Wallet

Another popular wallet for Avalanche is Core Wallet. It is a wallet specifically made to grant you access to dApps, NFTs, DeFi protocols, bridges, subnets, and more. While offering access to all of this, it is also very simple to use. Swapping is still possible, as well as managing NFTs in the collectible gallery. You can even manage multiple addresses.

The wallet allows you to use the bridge between Avalanche and several other blockchains, including Bitcoin and Ethereum. Finally, it also allows for hardware wallet integration. That way, you can easily transfer funds from the safe cold storage to a more convenient wallet for trading.

7. MetaMask

Lastly, we have MetaMask — one of the most popular and well-known wallets in the crypto industry. MetaMask is most commonly used on mobile devices or as a browser extension. It started off as an Ethereum wallet, but it is possible to configure it to work with many other blockchains. 

Naturally, the biggest downside here is that you need to know how to do that, so technical knowledge is required.MetaMask is popular, stable, it lets you access dApps, and it is also compatible with hardware wallets.

8. Ledger Nano X

Ledger Nano X is the most popular hardware wallet on the market. It offers support for over 5,500 cryptocurrencies, including AVAX. As a hardware wallet, the device has a battery life of around eight hours. It works with all operating systems and is compatible with numerous other wallets. 

Ledger Nano X also has Bluetooth connectivity, and you can even use it with Android and iOS devices. Its biggest downside, however, is that you have to purchase the device itself. Other flaws of the wallet include that it has a battery life, and you need a PC to use it.

Choosing an Avalanche Wallet

It is important to choose a good wallet, whether for cryptocurrencies from the Avalanche network or any other. However, if you choose the best, then safety and security should be the focus points. The best wallets also offer tons of features that make them worth using.

Some have their own built-in swap features or support for NFT, or they let you access dApps directly. Some are specifically made for decentralized finance (DeFi) cryptocurrencies of a specific network. Some are universal, allowing you to store hundreds or even thousands of different coins. The most important part when choosing a wallet is to research them and know what you are choosing and why.

FAQs

What Is the Best Avalanche Wallet?

There is no universal answer to this question. There are many Avalanche wallets that are great, but it all depends on what you want from them. If you want security, Ledger is the best, while hot wallets like MetaMask are great for trading. 

What Wallets Can Hold Avalanche?

Avalanche is a popular cryptocurrency, which is why many wallets support it. You can use Ledger, ELLIPAL Titan, Coinbase, Binance, Crypto.com, Core Wallet, Avalanche Web Wallet, and many others.

What Is Avalanche Wallet?

Avalanche wallet is a wallet that allows you to store cryptos on the Avalanche network. Avalanche’s native coin, AVAX, is the main cryptocurrency. But others from the network are often supported also.

Is MetaMask an Avalanche Wallet?

Yes, you can consider MetaMask as an Avalanche wallet. While it was originally created for Ethereum, you can configure it to work with Avalanche. It is not a complicated process, but it does require a bit of technical knowledge or good instructions.